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LG Electronics Incorporated released its 3Q 2022 Results Report on October 28, 2022. For 3Q 2022, the company reported consolidated K-IFRS Sales of 21,176.8 billion KRW, Operating Income of 746.6 billion KRW, and Net Income of 336.5 billion KRW. Sales and Operating Income were restated in accordance with K-IFRS, with gains and losses from the Solar panel business closure at the end of June 2022 presented in discontinued operations.
| Date | 28 Oct 2022 |
| Time | 07:00:03 |
| Category | Results |
| ID | 4687E |
3Q 2022 Results Report
|
LGE Consolidated, K-IFRS |
(Billions of KRW) |
||
|
|
2022 3Q |
2022 2Q |
2021 3Q |
|
Sales |
21,176.8 |
19,464.0 |
18,567.5 |
|
Gross Profit |
5,045.4 |
5,006.3 |
4,798.5 |
|
Operating Income |
746.6 |
792.2 |
596.8 |
|
Net Income before Tax |
436.0 |
604.1 |
696.9 |
|
Net Income |
336.5 |
338.0 |
516.5 |
With the official closure of Solar panel business at the end of June 2022, the Group presented related gains and losses in discontinued operations. Sales and Operating Income above were restated in accordance with K-IFRS.
l All information regarding the financial results of LG Electronics during the 3rd quarter of 2022 as contained herein has been prepared on a consolidated basis in accordance with International Financial Reporting Standards ("IFRS").
l The information regarding results of the 3rd quarter of 2022 has been prepared in advance, prior to being reviewed by outside auditors, solely for the convenience of investors of the Company, and is subject to change in the process of final review by outside auditors. Please see other notes and disclaimers at our website.